Waldron, MI population, income and ZIP codes

Waldron village is a very small community in Michigan, with 605 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #520 of 745 ranked by population — larger than 30% of them. The median age here is 38.5 years against 39.1 nationally, a slightly younger profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Waldron village earn a median of $45,750 a year, 41.7% below the national figure of $78,538 and 26% below the $61,715 median for the 438 Michigan cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 14.7% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Waldron village is valued at $82,600, 72.8% below the national figure and 50% below the $166,100 peer median, while median gross rent runs $864 a month, 38.5% below the national figure, or roughly $10,368 across a full year. A household on the local median income would put about 22.7% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 1.8×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 68.5% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

With 605 residents, a handful of survey responses moves every median on this page. Compare Waldron village against its county rather than against national figures.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.